Microsoft buys LinkedIn for 26.2billion dollars in cash

LinkedIn was founded in 2002 and floated in new york 2011 with a value of $4.25bn (source: the guardian)

The two companies announced the deal between them before the market opened on Wall Street (Microsoft and LinkedIn). Microsoft buys social network "LinkedIn " for $26.2billion. That happens to be Microsoft biggest purchase . This deal is calculated to be $196 per LinkedIn share.

Will LinkedIn retain its style? Well , according to Microsoft, "LinkedIn will retain its distinct brand, culture and independence". According to Jeff wiener (ceo of LinkedIn), " the deal gives us a chance to change the way the world works"

How about the present Ceo of LinkedIn? According to "the guardian"' the ceo will maintain its current role but this time around, he will be reporting to Microsoft boss, Satya nadella

According to "the guardian", LinkedIn has 430million members , which means that the deal values at more than 60 dollars per member. 

In a statement, Nadella hinted at the competitive advantage he expects the network to provide for Microsoft. He said LinkedIn would pair well with the company’s business-focused software such as Office and customer relationship manager Dynamics.

“The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals,” he said. “Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organisation on the planet

See more theguardian.com

Source ; the guardian